My thoughts were first on the problem of some damage occuring during the crack out. I suppose if you are comfortable doing it to that level of a coin, it must not be a major deal? I have seen some nice coins scarred by a staple here and there when those were in 2x2s and removed.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
<< <i>I'm curious... why would you risk cracking out the coin and submitting it as raw rather than just submitting it as a regrade? From the PCGS site:
"<STRONG>Regrade:</STRONG> Use the “Regrade” service for coins previously graded by PCGS that you feel might be worthy of a higher grade. Submit the coins in the holder. Coins are cracked out and graded raw. We guarantee that the coins will not be downgraded. "
...if it does downgrade it becomes a guarantee issue.
The first thing that happens when a regrade goes in is that it is cracked out. The coins are graded raw and obviously the graders don't know the old grade...
When you crack out the coin yourself not only do you risk a downgrade, you more importantly risk damaging the coin! I've heard so many stories of folks cracking out coins for resubmission rather than using regrade service. Knowing how things actually work, I just don't understand why anyone would take the risk..
David_R >>
The cold, hard, honest truth... Most people don't believe this. I've never had a regrade submission upgrade, but I have had about 30% success when I crack out and submit. I hope I'm not banned for saying this... *shrug*
Either write something worth reading or do something worth writing about. -Benjamin Franklin-
Knowing nothing about gold, I just did a little research on price differential between the 64 and 65 grades for all dates in the Saint $20 series. Oh my. No wonder Contursi had thousands of inserts to return.
<< <i>I'm curious... why would you risk cracking out the coin and submitting it as raw rather than just submitting it as a regrade? From the PCGS site:
"<STRONG>Regrade:</STRONG> Use the “Regrade” service for coins previously graded by PCGS that you feel might be worthy of a higher grade. Submit the coins in the holder. Coins are cracked out and graded raw. We guarantee that the coins will not be downgraded. "
...if it does downgrade it becomes a guarantee issue.
The first thing that happens when a regrade goes in is that it is cracked out. The coins are graded raw and obviously the graders don't know the old grade...
When you crack out the coin yourself not only do you risk a downgrade, you more importantly risk damaging the coin! I've heard so many stories of folks cracking out coins for resubmission rather than using regrade service. Knowing how things actually work, I just don't understand why anyone would take the risk..
David_R >>
Yes...but they look at the original grade after they reach a consensus. If it's a critical date they caucus again. With no history to revert to you have a slightly better chance that they just conclude that the coin is what it is.....
<< <i>I'm curious... why would you risk cracking out the coin and submitting it as raw rather than just submitting it as a regrade? From the PCGS site:
"<STRONG>Regrade:</STRONG> Use the “Regrade” service for coins previously graded by PCGS that you feel might be worthy of a higher grade. Submit the coins in the holder. Coins are cracked out and graded raw. We guarantee that the coins will not be downgraded. "
...if it does downgrade it becomes a guarantee issue.
The first thing that happens when a regrade goes in is that it is cracked out. The coins are graded raw and obviously the graders don't know the old grade...
When you crack out the coin yourself not only do you risk a downgrade, you more importantly risk damaging the coin! I've heard so many stories of folks cracking out coins for resubmission rather than using regrade service. Knowing how things actually work, I just don't understand why anyone would take the risk..
David_R >>
David, does this same policy hold true for cross-overs from an NGC slab? I assume the coin must be graded within the slab and cracked out only if the coin will cross, upgrade, or be placed in a holder at a minimum grade listed by the submitter. What is the average % of coins crossed at the same grade as an NGC coin?
<< <i>Knowing nothing about gold, I just did a little research on price differential between the 64 and 65 grades for all dates in the Saint $20 series. Oh my. No wonder Contursi had thousands of inserts to return. >>
Jay, Good luck on the upgrade. I have a few in also I think the only difference between your upgrade and my up grade(s) is around $45,000....... Hey, I hope we both score
Building 33-47 Mint Sets always looking for MS67s PM with any coins you might have for sale.
The cold, hard, honest truth... Most people don't believe this. I've never had a regrade submission upgrade, but I have had about 30% success when I crack out and submit. I hope I'm not banned for saying this... *shrug* >>
Actually, the cold, hard, honest truth is that a regrade is graded just like a raw coin!
Oh well... I guess if folks want to take the risk it is their own perogative. I assume that means, however, that if the grade goes down you don't call in to Customer Service to complain, right?
Oh goodness... I'm so naive. I thought I was helping out by telling y'all the benefits of regrade. I shouldn't have said anything. Y'all are gonna get me in trouble!
Anyway - I'm bowing out of the thread. Maybe there is something to it, I dunno. I must admit, I don't have any practical experience (I'm not really all that much of a submitter obviously).
Hey all - have a Happy 4th of July! I'm gonna go back to working on servers and doing geeky IT stuff.
why not submit it as is for regrade, and if that doesn't work, do a presidential review, then, if that doesn't work crack it out with the risk of damaging the coin (one little scratch is all you need) and then send it in for grading. I'd try the first two first. Patience...patience....
<< <i>I'm curious... why would you risk cracking out the coin and submitting it as raw rather than just submitting it as a regrade? From the PCGS site:
"<STRONG>Regrade:</STRONG> Use the “Regrade” service for coins previously graded by PCGS that you feel might be worthy of a higher grade. Submit the coins in the holder. Coins are cracked out and graded raw. We guarantee that the coins will not be downgraded. "
...if it does downgrade it becomes a guarantee issue.
The first thing that happens when a regrade goes in is that it is cracked out. The coins are graded raw and obviously the graders don't know the old grade...
When you crack out the coin yourself not only do you risk a downgrade, you more importantly risk damaging the coin! I've heard so many stories of folks cracking out coins for resubmission rather than using regrade service. Knowing how things actually work, I just don't understand why anyone would take the risk..
David_R >>
Have any of you ever sent in a Regrade that downgraded?
<< <i>Oh goodness... I'm so naive. I thought I was helping out by telling y'all the benefits of regrade. I shouldn't have said anything. Y'all are gonna get me in trouble!
Anyway - I'm bowing out of the thread. Maybe there is something to it, I dunno. I must admit, I don't have any practical experience (I'm not really all that much of a submitter obviously).
Hey all - have a Happy 4th of July! I'm gonna go back to working on servers and doing geeky IT stuff.
David_R >>
David, you never answered my question about cross-overs??? PM me if you'd like...
Let us know how it grades. Except of course you can never let us know that since if it upgrades everyone will know that your $50K MS65 used to be a 64 and who would want it for $50K then. And if it doesn't make it you can't let us know since then everyone would know that it was tried and didn't cut it and then the spec value would be out the window too.
<< <i>Let us know how it grades. Except of course you can never let us know that since if it upgrades everyone will know that your $50K MS65 used to be a 64 and who would want it for $50K then. And if it doesn't make it you can't let us know since then everyone would know that it was tried and didn't cut it and then the spec value would be out the window too.
CG >>
That's pretty good CG.
I'll tell you IF it goes up and after I auction it...IF, IF it does. Chance are still against a one-shot upgrade but I have years to try.
Comments
<< <i>Saintguru,
I like your balls!!
JM >>
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
<< <i>I'm curious... why would you risk cracking out the coin and submitting it as raw rather than just submitting it as a regrade? From the PCGS site:
"<STRONG>Regrade:</STRONG> Use the “Regrade” service for coins previously graded by PCGS that you feel might be worthy of a higher grade. Submit the coins in the holder. Coins are cracked out and graded raw. We guarantee that the coins will not be downgraded. "
...if it does downgrade it becomes a guarantee issue.
The first thing that happens when a regrade goes in is that it is cracked out. The coins are graded raw and obviously the graders don't know the old grade...
When you crack out the coin yourself not only do you risk a downgrade, you more importantly risk damaging the coin! I've heard so many stories of folks cracking out coins for resubmission rather than using regrade service. Knowing how things actually work, I just don't understand why anyone would take the risk..
David_R >>
The cold, hard, honest truth... Most people don't believe this. I've never had a regrade submission upgrade, but I have had about 30% success when I crack out and submit. I hope I'm not banned for saying this... *shrug*
<< <i>I'm curious... why would you risk cracking out the coin and submitting it as raw rather than just submitting it as a regrade? From the PCGS site:
"<STRONG>Regrade:</STRONG> Use the “Regrade” service for coins previously graded by PCGS that you feel might be worthy of a higher grade. Submit the coins in the holder. Coins are cracked out and graded raw. We guarantee that the coins will not be downgraded. "
...if it does downgrade it becomes a guarantee issue.
The first thing that happens when a regrade goes in is that it is cracked out. The coins are graded raw and obviously the graders don't know the old grade...
When you crack out the coin yourself not only do you risk a downgrade, you more importantly risk damaging the coin! I've heard so many stories of folks cracking out coins for resubmission rather than using regrade service. Knowing how things actually work, I just don't understand why anyone would take the risk..
David_R >>
Yes...but they look at the original grade after they reach a consensus. If it's a critical date they caucus again. With no history to revert to you have a slightly better chance that they just conclude that the coin is what it is.....
<< <i>I'm curious... why would you risk cracking out the coin and submitting it as raw rather than just submitting it as a regrade? From the PCGS site:
"<STRONG>Regrade:</STRONG> Use the “Regrade” service for coins previously graded by PCGS that you feel might be worthy of a higher grade. Submit the coins in the holder. Coins are cracked out and graded raw. We guarantee that the coins will not be downgraded. "
...if it does downgrade it becomes a guarantee issue.
The first thing that happens when a regrade goes in is that it is cracked out. The coins are graded raw and obviously the graders don't know the old grade...
When you crack out the coin yourself not only do you risk a downgrade, you more importantly risk damaging the coin! I've heard so many stories of folks cracking out coins for resubmission rather than using regrade service. Knowing how things actually work, I just don't understand why anyone would take the risk..
David_R >>
David, does this same policy hold true for cross-overs from an NGC slab? I assume the coin must be graded within the slab and cracked out only if the coin will cross, upgrade, or be placed in a holder at a minimum grade listed by the submitter. What is the average % of coins crossed at the same grade as an NGC coin?
<< <i>Saintguru, do you have a good picture of the obverse and reverse we can see? You know how they say a picture is worth a thousand words
I do but I'm not going to post them until I get it graded. It's a matter of "saintguru Security".
<< <i>Knowing nothing about gold, I just did a little research on price differential between the 64 and 65 grades for all dates in the Saint $20 series. Oh my. No wonder Contursi had thousands of inserts to return. >>
THIS is one of THEM!
Good luck on the upgrade. I have a few in also
Hey, I hope we both score
Mike
idocoins
The cold, hard, honest truth... Most people don't believe this. I've never had a regrade submission upgrade, but I have had about 30% success when I crack out and submit. I hope I'm not banned for saying this... *shrug* >>
Actually, the cold, hard, honest truth is that a regrade is graded just like a raw coin!
Oh well... I guess if folks want to take the risk it is their own perogative. I assume that means, however, that if the grade goes down you don't call in to Customer Service to complain, right?
David_R
<< <i>WRONG.
RIGHT
<< <i>The coins are graded raw and obviously the graders don't know the old grade... >>
Anyway - I'm bowing out of the thread. Maybe there is something to it, I dunno. I must admit, I don't have any practical experience (I'm not really all that much of a submitter obviously).
Hey all - have a Happy 4th of July! I'm gonna go back to working on servers and doing geeky IT stuff.
David_R
<< <i>I'm curious... why would you risk cracking out the coin and submitting it as raw rather than just submitting it as a regrade? From the PCGS site:
"<STRONG>Regrade:</STRONG> Use the “Regrade” service for coins previously graded by PCGS that you feel might be worthy of a higher grade. Submit the coins in the holder. Coins are cracked out and graded raw. We guarantee that the coins will not be downgraded. "
...if it does downgrade it becomes a guarantee issue.
The first thing that happens when a regrade goes in is that it is cracked out. The coins are graded raw and obviously the graders don't know the old grade...
When you crack out the coin yourself not only do you risk a downgrade, you more importantly risk damaging the coin! I've heard so many stories of folks cracking out coins for resubmission rather than using regrade service. Knowing how things actually work, I just don't understand why anyone would take the risk..
David_R >>
Have any of you ever sent in a Regrade that downgraded?
<< <i>Oh goodness... I'm so naive. I thought I was helping out by telling y'all the benefits of regrade. I shouldn't have said anything. Y'all are gonna get me in trouble!
Anyway - I'm bowing out of the thread. Maybe there is something to it, I dunno. I must admit, I don't have any practical experience (I'm not really all that much of a submitter obviously).
Hey all - have a Happy 4th of July! I'm gonna go back to working on servers and doing geeky IT stuff.
David_R >>
David, you never answered my question about cross-overs???
CG
<< <i>Let us know how it grades. Except of course you can never let us know that since if it upgrades everyone will know that your $50K MS65 used to be a 64 and who would want it for $50K then. And if it doesn't make it you can't let us know since then everyone would know that it was tried and didn't cut it and then the spec value would be out the window too.
CG >>
That's pretty good CG.
I'll tell you IF it goes up and after I auction it...IF, IF it does. Chance are still against a one-shot upgrade but I have years to try.